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Question
An important difference between perfect competition and monopoly is
A) a monopoly is profitable and a perfect competitor is not.
B) the monopoly faces a downward sloping demand curve and the perfect competitor faces a horizontal demand curve.
C) the monopoly faces an inelastic demand curve and the perfect competitor faces an elastic demand curve.
D) a monopoly is not regulated by the market, while a perfect competitor is regulated by the market.
Answer
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Related questions
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